Business Update14 Jun 2024, 10:51 pm
Havells India to Invest Rs 50-60 Crore in Air Conditioner Manufacturing Capacities
AI Summary
Havells India, through its consumer durables brand Lloyd, announced plans to expand the existing manufacturing capacities of Air Conditioners at Ghiloth and Sricity locations to 15 lakh units per annum each. The total proposed investment is in the range of INR 50-60 crores, funded through internal accruals, and expected to complete by Q4 FY 2025. The expansion will enable Havells India to cater to the increased demand, boost production capacity, and reinforce its position in the consumer durables sector.
Key Highlights
- Havells India to invest Rs 50-60 crore in air conditioner manufacturing capacities
- Expansion of manufacturing units in Ghiloth and Sricity to 15 lakh units per annum each
- Funding through internal accruals, expected completion by Q4 FY 2025
- Enhancements aim to cater to increased demand and reinforce Havells India's position in the consumer durables sector
- Lloyd recently launched designer air conditioner range and industry-leading refrigerators, washing machines, and TVs